China News Service, August 12th. The website of the China Securities Regulatory Commission released on the 12th that the heads of relevant departments of the China Securities Regulatory Commission answered reporters' questions.
Q: Recently, some Chinese companies announced to start delisting from the US. What is the CSRC's view?
A: We have noted the relevant situation.
Listing and delisting are the norm in the capital market.
According to relevant company announcements, these companies have strictly abided by the U.S. capital market rules and regulatory requirements since their listing in the United States, and the delisting choices were made out of their own business considerations.
These companies are listed in multiple places, and the securities listed in the United States account for a small proportion. The current delisting plan will not affect the company's continued use of domestic and foreign capital markets for financing and development.
The CSRC respects the decisions made by enterprises based on their own actual conditions and in accordance with the rules of overseas listing places.
We will maintain communication with relevant overseas regulatory agencies to jointly safeguard the legitimate rights and interests of enterprises and investors.
(Zhongxin Finance)
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